The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-07
THE STATE or TRADE.
THE EFFECT OF THE STRIKE OF
10000 MINERS
In Pennsylvania VIII Be q Reduction
I'm the Coal Output Of $4,000
Tons Daily.
THE SIGNS OF THE TINES ARE
EVERYWHERE HOPEFUL.
Z. 9. Dan 4 Co.'s Review OF the Con-
ditiOn OF All Branches Of Busi-
ness for the Week.
IrucIlL 70 TEE ArrrAL.I

PHILADELPHIA, Pa, May 6.-There
is possibility today that $50, 200 coal
miners aud coke workers In Pennsyl'
yania will 20 out on strike 10 few
DAYS. This wili reduce the coal output
about l25, 900 tons per day, and. the
coke production 1900 to 1900 tons
per day. The bituminous miners In
the center OF the State received a q
per cent advance April lst and this
convinced the anthracite miners theil
turn would soon come.
The signs Of the times are every
where hopeful. Business Is not over
whelming business men everywhere
as It might, and 1t is we'll for the con
Stunning interests OF the country that Il
Is not, becauses higher prices and
speculative values would be precipi'
ated.
The storekeepers, manufacturers,
large and small, thr Jughout the coun.
Try, as we'll as the architects and
builders, are all very busy. There
10 no dullness. We may be thankful
we have escaped q speculative erase,
that would have added 10 per cent. TO
all products, without corresponding
advantages.
An enormous amount Of capital is
going into ell sorts Of enterprises,
rushing headlong, in fact, but it can.
not be said the investments are not
wise. Over 500, on, 600 were listed on
the New York Exchange by twelve
companies. Upward of $500, 000, 900
will he invested In railroad building
and $500, 100000 on house building
this season. About $20, 000, 900 will be
put into locomotives alone in 1887,
and car work will exceed last years
record by rs per cent.
The agricultural interests are prom
ising, and this is the foundation ofthe
attn OF railroad builders, investors,
bankers and spectators. These in
terests want to clip some fleece from
the industrial interests, Daring the
past two weeks $1,000 000 bushels OF
wheat were sold In New York City.
The trade movement is fair. BUSH
ness has been disturbed in all lines in
Boston except in boots and shoes,
which is and will continue to be ex-
traordinarily active. At Philadelphia
there Is activity in wool, grain, lumber
and petroleum. At Cincinnati trade
strikes are threatened, but business
southwark is good. At Chicsgo q
marked improvement has been made
with the opening OF lake navigation.
Iron freight rates have been reduced.
At 81, Louis an Improvement is
working It's way to the surface There
j. remarkable demand for agricultu-
raj implements throughout the West.
Lumb Der and all kinds Of building ma
terial are hurried forward to yards
and builders as fast as the railroads
can handle them.
New rail rats are upsetting busi-
ness in the Northwest. Coal, iron,
oils and lumber are active on the
Pacific coast, aud Hheavy transconti-
mental shipments have started in on
account Of the suspension OF Article 4.
Things are all right in the South and
Southwest. Industrial capital and en-.
terprise especially in the coal, ore and
lumber regions are making hay while
the eun shines.
Wheat and iron have advanced in the
Eastern markets l to 2 cents. A labor
hpht Ia on at Minneapolis with the
coopers. Hogs are squealing for higher
prices In Western packing centere. In
Eastern markets prices for such pro-
ducts are declining.
Sugar stocks ct four sugar Centert
In Great Britain are 2l2 600 tons. Su
gar stocks at four Atlantic seaboart
distributing points we're l54, 4S6 tont
against 124, 992 tons year ago at thu
same points, Coffee receipts ut Rl(
Jsneiro for this season are 3,O76,OO'
bags against 3,57S,000 for last season
Stocks of coffee at oil Distributing
points in the United States are 454 60
bags. The visible supply is 6S9, 90
bags as against 65S927 bags syea
ago.
Eu, ope Ia using l41 900 bales OF col
ton per week this year as sgainst l3S
COO bales per week last year. Bits
consumption Is 74,0)0 bales per wea
this year So against 10000 bales la'
year. The wool markets all over tn
world are quiet.
The iron trade is strong, but iut
now not active, because of tie cove
ing of forward requirements early |
the spring and the holding back
present by buyers, who have motto
prices are likely to drop. The iro
%. and steel makers say everything hs
gone up that goes into iron, and henC
there can be no drop. Bridge and raj
road work Is very active.
The manufacturers OF dry goods
all kinds are tearing ahead for the ia
trade. The outlook Iis good. Sill
making Is progressing, and Easter
Pennsylvania, besides turning out 40
600 tons Of pig iron per week, is NAL
ing The finest silk ever worn. III
father makes the pig iron and th
daughter the silk.
Immigrants are pouring In, and Il
Dor is everywhere In demand Man
applications are received from II
Western farmers, and good wages al
offered.
The rush Of immigration frol
abroad has been stimulated by gree
activity in railroad building and b
the demand for labor In mil!e, tectori'
and shops OF all kinds. Mechanic
labor is coming over in abundance
while comparatively few miners al
changing their abode, The Undue
mentB to miners of Europe or Gre
Britain to change their homes are nj
30 strong 90 to workmen in oth'
branches. Common labor has extr
i1 ordinary Inducements offered. The
will be railroad mileage laid this YET
double that OF last year. House bull
ing will be at least rs per cent. create
Shop labor OF all kinds is in aemau,
and there Is, therefore, an opportunit
for a great influx Of labor. Even
the lumber camps in the Northwe
men are paid from 81 rs TO 81 per da
but they are skilled woodsmen. Mi
ing labor Is wanted in the gold al
silver mines all along the Rocl
mountain range from Northern Mo
tsna 10 the City Of Mckee.
Manufacturers Of mining machines
in st, Louis, Chicago, and New Yor
have lately received orders for an u
usually large quantity OF special M
chinery, and long list OF mini
companies have recently announc,
themselves 10 opertt3 all through 9